What You Need To Know About The Florida Homestead Exemption

Florida’s homestead exemption that provides an exemption from forced sale before and at death are among the most protective in the United States as it provides no limit to the value of certain real property that can be protected from creditors. The property tax exemption clause of Article VI renders property tax-free to the extent of certain dollar amounts in the value of the homestead.

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You could save hundreds of dollars a year by applying for a Florida homestead exemption! Here's what you need to know to get started.

For Duval county, you can have an out of state license and still apply for your homestead exemption. You will need a Declaration of Domicile from the Duval county circuit civil Department at the Duval County C Courthouse. You will need your military ID to fill out this document.

You can apply for a homestead exemption in Florida if the property is your official permanent residence and if you have legal or beneficial title in the property. Start by gathering the required documents, including a Florida driver’s license or ID card, vehicle registration if you drive, social security card or a document with your number on it, a copy of your deed, tax bill, and Notice of Proposed Property taxes.

Zeisel agreed that a change to Florida tax law to end homestead exemptions when properties are no longer own-occupied could help cash-strapped local governments that rely on property tax revenues.

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To be entitled to receive a homestead exemption in 2019, you must be the owner of record of your property and have established Florida residency by January 1, 2019. If you purchased a property this year to be your homestead, you may apply for theexemption until March 1, 2019, to take effect for the 2019 tax bill.

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